NLC India Signs PPA With GRIDCO Odisha For 400 MW Power Supply
Firm Ties Up Full Capacity Of 2400 MW Neyveli Talabira Super Critical Thermal Power Station Stage-I
A power purchase agreement (PPA) was signed by NLC India Limited (NLCIL), a state government enterprise under the coal ministry, and Grid Corporation of Odisha (GRIDCO) Limited for 400 MW in Stage-1 and 400 MW in Stage-2 of NLCIL's proposed Neyveli Talabira Super Critical Thermal Power Station (NTTPP) in Odisha.
In India, NLCIL is in the mining and power production sector, whereas Gridco Limited is in the transmission, bulk supply, and other associated business.
The PIB stated in a press statement on Friday that "with this agreement, NLCIL has tied up its full capacity of 2400MW of Neyveli Talabira Super Critical Thermal Power Station Stage-I."
According to the press release, "NLCIL has already entered into a similar agreement with Tamil Nadu, Kerala, and Pondicherry for 1,500MW, 400MW, and 100MW power supply from Neyveli Talabira Super Critical Thermal Power station Stage-I, respectively. In the second phase of 1x800 MW capacity of NTTPP, 400MW is now tied up with GRIDCO Odisha."
M. Venkatachalam, director of power for NLC India Limited, and Umakanta Sahoo, director of trading and business development for GRIDCO Limited, signed the Power Purchase Agreement.
